LAX airport picks developer for transformational cargo project

Officials at Los Angeles International Airport said Monday they have selected a consortium led by Aeroterm, the largest manager of on-airport air cargo real estate in North America, to redevelop obsolete cargo facilities across the sprawling complex into a consolidated, technically advanced cargo village that increases capacity and efficiency. The cargo improvement project is the…

Shipper sentiment is slipping. Is the freight market turning?

Entering the third quarter of 2023, the freight market is at a crossroads, teetering between tumult and a potential step toward balance. The first half of the year, best characterized by a capacity glut that pushed truckload spot rates underwater, has shown signs of bottoming. Now, the turmoil at major carriers is beginning to make…

Capping payouts, combating ‘reptiles’ among ways to defuse nuclear verdicts

Putting damage award caps in place and preventing plaintiff attorneys from appealing to the reptilian region of the brain to instill fear in jurors are just two of the U.S. Chamber of Commerce’s recommendations to combat nuclear verdicts. In its report released earlier this month on nuclear and smaller verdicts impacting the trucking industry, the…